Ionik Reports Q2 2026 Financial Results

Toronto, Ontario--(Newsfile Corp. - August 28, 2026) - Ionik Corporation (TSXV: INIK) (OTCQB: INIKF) (the "Company" or "Ionik"), a data and technology-driven marketing platform, today announced financial results for the three months ended June 30, 2026 ("Q2 2026"), highlighted by a successful completion of its comprehensive debt reorganization and refinancing, strong Adjusted EBITDA and continued progress on platform integration.

Q2 2026 Financial Highlights * Revenue of $47.4 million, down 8% from $51.7 million in the same period of the prior year ("Q2 2025"). Growth in Media Activation, supported by new sales staff and key accounts, was more than offset by lower Marketing Optimization revenue, primarily from one customer. * Gross profit of $18.2 million, representing a 38% margin, compared to $20.9 million and a 40% margin in Q2 2025. The decline primarily reflected lower revenue and related gross profit from the same Marketing Optimization customer. * Net income from continuing operations was $14.9 million, or $0.04 per basic share and $0.03 per diluted share, compared with a net loss of $2.4 million, or $0.01 per basic and diluted share, in Q2 2025. The result included non-cash gains of $12.4 million on the fair value of financial liabilities and $8.8 million on extinguishment of loans and debentures. * Adjusted EBITDA(1) of $8.4 million, compared to $9.5 million in Q2 2025. Lower customer revenue and gross profit were partly offset by reduced operating costs in Marketing Optimization and corporate functions associated with integration. * Adjusted Free Cash Flow(1) of $6.8 million representing a 81% Adjusted Free Cash Flow conversion rate(1), compared to $7.6 million and a 79%in Q2 2025.